Financing: RD or USDA Loans

You may be wondering what the USDA (US Department of Agriculture) has to do with home loans, right? Well, in certain geographic areas that are considered “rural” there are USDA or RD (rural development) loans available for families purchasing a new home. RD loans are insured by the US government.
 
Here are some features and benefits of RD loans:
 

  • – They are 100% loans, no money down is required
  • – There is a funding fee included in the loan to fund the program – no out of pockets fees are paid
  • – RD loans are available in certain geographic areas and they change from time to time (see link at the bottom of the page)
  • – Perfect credit is not required to obtain an RD loan
  • – Household size and income are considered when qualifying
  • – PMI (private mortgage insurance) is included in the monthly investment

 
Learn more about RD loan todays by calling or texting (863) 640-2246, contact us online, or submit a FREE online pre-qualification form now!
 
Resource: At the end of this paragraph is a link to an RD loan eligibility map. When you get to the web page, look at the left navigation bar, find “Property Eligibility”, then find “Programs” and “Single Family Housing”. Once there click the “Accept” button at the bottom of the disclaimer. You will then be able to type in an address or use the onscreen magnify tool and review the eligibility map.  Click here to search your desired area.